TLH vs GOVT: Holdings Overlap
TLHiShares 10-20 Year Treasury Bond ETF
iShares · 66 holdings · $10.9B · as of 2026-05-31
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (TLH: 2026-05-31, GOVT: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are TLH and GOVT?
iShares 10-20 Year Treasury Bond ETF (TLH, by iShares) holds 66 positions; iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223. They have 41 holdings in common, and by portfolio weight the two funds are 7.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41TLH holds 66 · GOVT holds 223
- Weight in Shared Holdings
- TLH 52%·GOVT 18%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in TLH
25 of 66 positions (46.5% of the fund) are not held by GOVT.
- U.S. Treasury Bonds5.54%
- U.S. Treasury Bonds3.97%
- U.S. Treasury Bonds3.95%
- U.S. Treasury Bonds3.44%
- U.S. Treasury Bonds3.32%
- U.S. Treasury Bonds3.31%
Only in GOVT
182 of 223 positions (81.0% of the fund) are not held by TLH. Showing the top 30 by weight.
- U.S. Treasury Notes2.92%
- U.S. Treasury Notes2.60%
- U.S. Treasury Notes2.06%
- U.S. Treasury Notes1.59%
- U.S. Treasury Bonds1.55%
- U.S. Treasury Bonds1.51%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TLH | -1.2% | -2.0% | +0.1% | +1.6% | -5.0% | -1.2% | 4.59% |
| GOVT | -0.2% | -0.3% | +1.6% | +3.3% | -0.8% | +0.7% | 3.64% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in TLH vs GOVT →
Shared Holdings(41)
The top 10 shared positions account for 69% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 1.48% | 1.39% | 1.39% |
|---|---|---|---|
| U.S. Treasury Bonds | 0.71% | 1.49% | 0.71% |
| U.S. Treasury Bonds | 0.62% | 0.56% | 0.56% |
| U.S. Treasury Bonds | 1.10% | 0.48% | 0.48% |
| U.S. Treasury Bonds | 3.07% | 0.36% | 0.36% |
| U.S. Treasury Bonds | 0.71% | 0.36% | 0.36% |
| U.S. Treasury Bonds | 0.99% | 0.34% | 0.34% |
| U.S. Treasury Bonds | 3.42% | 0.32% | 0.32% |
| U.S. Treasury Bonds | 2.43% | 0.29% | 0.29% |
| U.S. Treasury Bonds | 2.51% | 0.28% | 0.28% |
| U.S. Treasury Bonds | 1.61% | 0.24% | 0.24% |
| U.S. Treasury Bonds | 2.60% | 0.23% | 0.23% |
| U.S. Treasury Bonds | 1.36% | 0.22% | 0.22% |
| U.S. Treasury Bonds | 1.21% | 0.18% | 0.18% |
| U.S. Treasury Bonds | 0.55% | 0.17% | 0.17% |
| U.S. Treasury Bonds | 2.47% | 0.15% | 0.15% |
| U.S. Treasury Bonds | 3.71% | 0.14% | 0.14% |
| U.S. Treasury Notes | 0.11% | 0.78% | 0.11% |
| U.S. Treasury Bonds | 0.97% | 0.11% | 0.11% |
| U.S. Treasury Notes | 0.10% | 0.49% | 0.10% |
| U.S. Treasury Bonds | 0.97% | 0.09% | 0.09% |
| U.S. Treasury Notes | 0.08% | 0.69% | 0.08% |
| U.S. Treasury Bonds | 0.62% | 0.07% | 0.07% |
| U.S. Treasury Bonds | 0.71% | 0.06% | 0.06% |
| U.S. Treasury Bonds | 3.33% | 0.04% | 0.04% |
Frequently Asked Questions
How much do TLH and GOVT overlap?
TLH and GOVT overlap by 7.4% of portfolio weight. They share 41 holdings (TLH holds 66 positions and GOVT holds 223), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TLH and GOVT?
The two portfolios are 7.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of TLH and GOVT?
The largest positions held by both funds are U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. Together the top 10 shared positions account for 69% of the total overlap.
What does TLH own that GOVT doesn't?
25 positions (46.5% of TLH) are unique to TLH, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. In the other direction, 182 positions (81.0% of GOVT) are unique to GOVT.